U.S. grains: Corn futures hit three-month high on export demand

Profit-taking sparks pullback in CBOT wheat

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures topped a three-month high on Thursday on improved export demand, while wheat futures traded near a 1-1/2 year high reached a session earlier. Soybeans eased to a one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of last week’s initial trade agreement […] Read more

U.S. grains: Corn, soy fall as traders await Chinese buying

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures weakened and soybeans touched a five-week low on Tuesday as traders awaited confirmation that China has started to buy more U.S. crops after the countries signed an initial trade deal last week. Most actively traded wheat futures hit their highest price since August 2018 at the Chicago Board […] Read more

Tighter supplies, solid demand underpin durum bids

Reading Time: 2 minutes MarketsFarm — Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen, manager of Canadian operations for Swiss-based GAP S.A. Grains and Products in Winnipeg. Canada […] Read more

U.S. grains: Corn soars on bargain buying

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day’s 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. Chicago Board of Trade March […] Read more

U.S. grains: Soybeans sag despite China trade deal signing

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a one-month low on Wednesday even as U.S. President Donald Trump signed a “Phase One” trade deal with China, the world’s top soy importer, reflecting traders’ uncertainty about the terms of the pact. Corn followed soybeans lower, but wheat futures surged to their highest in more […] Read more

U.S. grains: Wheat hits six-month top as world prices rise

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit a six-month high on Tuesday, supported by a pickup in export business and news that Russia, the world’s top wheat supplier, is considering limiting grain exports through June, traders said. Soybean futures ended flat and corn drifted lower as brokers awaited Wednesday’s signing of a U.S.-China Phase […] Read more

Soybean prices rise due to South American uncertainty

Ontario corn yield was down almost eight bushels per acre in 2019

Reading Time: 5 minutes Statistics Canada’s November crop survey released on Dec. 6 was considered neutral to bullish for Ontario corn, soybean and wheat markets. Production for all three crops came in below year-ago levels and below prior estimates. Quick look Soybeans: Ontario soybean production declined by five million tonnes in 2019. Corn: Total Ontario corn production was only […] Read more

U.S. grains: Corn, soy shrug off benign USDA data

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybeans were steady to higher on Friday as investors looked past revised U.S. Department of Agriculture (USDA) supply-and-demand projections and focused on improved prospects for exports to China, which is due to sign an interim trade deal with the United States next week. The USDA data, released during […] Read more